Apple hits $1 trillion market cap, the first US company ever to hit milestone [u]

The day after its stock hit the $200 mark, Apple became the first $1 trillion U.S. company in history, beating Amazon to earn the first 12-figure company valuation in the history of business.

Apple, following strong third quarter earnings, on Thursday became the first company in history to be valued at $1 trillion. The company's stock rose 5 percent in the 24 hours after the earnings announcement, passing the $200 mark on Wednesday for the first time since its stock split four years ago.

The company on Wednesday revealed an adjusted share count of 4,829,926,000, meaning that the stock was required to reach $207.05 in order to hit the $1 trillion value, CNBC reported. The previous number was thought to be $203.45.

Some stock tickers Thursday morning had listed Apple's valuation as over $1 trillion, but they appeared to be going by the previous share number. At just before noon eastern time, the stock hit the threshold to make it the first to hit the milestone.

Throughout the summer, Apple had been locked in a battle with Amazon over which would become the first company to hit $1 trillion, but it became apparent earlier this week that Apple was pulling ahead.

Throughout the summer, Apple had been locked in a battle with Amazon over which would become the first company to hit $1 trillion, but it became apparent earlier this week that Apple was pulling ahead.

Both Apple and Amazon had far more important things to worry about, so I think "being locked in battle" is stretching things a bit.
Did make me laugh though.

Currently about $0.15 short. Still possible to close above $207.05 by trading day’s end. I doubt there will a press release from Apple but it will be on the national news this evening for sure. Meanwhile the haters, doubters, negative types are losing their minds spewing every invective they can think of. Apple is a Chinese company, Apple is a cult, Apple customers are stupid, break Apple up, it’s a lie... the insanity is getting scary. Go to Yahoo Finance and look at the comments. Go to some other financial sites with comment sections. Go to MacRumors. These people are coming unglued, splitting at the seams, their heads are exploding.

Rarely mentioned ... (OK, never mentioned), is that IBM got quite a bit above 1 trillion way back when (the 70's), when you adjust for inflation.

But sure, a Trillion is a huge milestone, and I'm not unhappy that Apple was the one to make it. They're still underdogs on Wall Street and while that is weird, it doesn't really matter. They did it the old-fashioned way, and not on hype.

Rarely mentioned ... (OK, never mentioned), is that IBM got quite a bit above 1 trillion way back when (the 70's), when you adjust for inflation.

But sure, a Trillion is a huge milestone, and I'm not unhappy that Apple was the one to make it. They're still underdogs on Wall Street and while that is weird, it doesn't really matter. They did it the old-fashioned way, and not on hype.

Currently about $0.15 short. Still possible to close above $207.05 by trading day’s end. I doubt there will a press release from Apple but it will be on the national news this evening for sure. Meanwhile the haters, doubters, negative types are losing their minds spewing every invective they can think of. Apple is a Chinese company, Apple is a cult, Apple customers are stupid, break Apple up, it’s a lie... the insanity is getting scary. Go to Yahoo Finance and look at the comments. Go to some other financial sites with comment sections. Go to MacRumors. These people are coming unglued, splitting at the seams, their heads are exploding.

Some people are obsessed alright, the haters that’s for sure.

I don't own any Apple stock, so financially this news makes no difference to me one bit.

However, just knowing that all the lowlifes (haters, trolls.....) are fuming over this makes me smile a little bit.

Consider that the company was nearly bankrupt 20 years ago. Jobs is surely smiling up there today.

Remember the little dig Jobs got in the day Apple’s market cap passed up Dell’s? He sent a company wide email announcing the event and even tried to be magnanimous about it but it still had the sweet taste of revenge after Michael Dell’s famous advice to sell the assets and shut it down. And as Klingon culture dictates revenge is a dish best served cold.

CNBC has the bears out today. Saying Apple is just a consumer electronics company and prices and margins always come down and will come down with Apple too. Also fretting over Apple being too dependent on iPhone and services growth all ties to iPhone. And complaining about all the cash the company has and not doing any large acquisitions with it. Now that the 1T milestone has been hit (even if it was intra-day only) the bears will be out in full force.